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maccabean
Dec 7, 2015 10:17 AM

Trade of the day #3. Equity markets running out of steam Short

US 100 IndexFXCM

Description

The way I see it, is that equity markets, specifically the Nasdaq, are steaming up the hill, though momentum is declining fast. In fact, the momentum indicator plus Commodity Channel Index show clear divergence. I predict that it will hit the all time high, perhaps even go a little beyond that, but as the net flow of funds are moved from equities to interest bearing investments start to increase, we should see a correction.
Comments
elp
The all time high for NQ futures is 4884, the FX version is the one you are showing. NQ March contract
elp
Here´s the march contract.... other one posted is the june.
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